With the weather tightening around fossil fuel companies, the federal government is becoming increasingly anxious to protect them.
Three critical moments in 24 hours yesterday show how far ahead the government courts and investors are in relying on the pollution of fossil fuel companies – and why the Morrison government is eager to curtail the rights of investors and proxy advisers.
In the Netherlands, the court ordered Royal Dutch Shell to reduce its emissions by 45% by 20 companies, 20% of which were not envisaged in their own company’s conversion plan.
That action was filed in April 2019 by seven active groups, including Friends of the Earth and Greenpeace, on behalf of 1 Dutch, 200 Dutch citizens. He argued that Shell’s business model was endangering human rights and lives. The goal of the Paris Agreement, which aims to keep global temperatures below two degrees Celsius, poses a threat. The court ruled that the shell should not only comply with Dutch law, but also set broader climate targets for its climate country. Similar actions are on foot in other European countries, while Shell wants to appeal.
Learn more about the federal government’s protection of the fossil fuel industry …
Already a customer? Log in to read.
Or, register your email address for a free 21-day trial.